Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.28% |
| 2 | Consumer Discretionary | 14.62% |
| 3 | Technology | 10.39% |
| 4 | Communication Services | 9.8% |
| 5 | Energy | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
AES
AES
$10.6B
| $49.3M | 0.05% |
3,707,037
+670,946
| +22% | +$8.61M |
|
302
Designer Brands
DBI
$315M
| $49.2M | 0.05% |
1,152,778
+132,694
| +13% | +$5.36M |
|
303
Alamos Gold
AGI
$12B
| $48.5M | 0.05% |
3,124,072
-65,238
| -2% | -$976K |
|
|
MWE
304
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $48.3M | 0.05% |
669,083
+106,548
| +19% | +$7.3M |
|
|
ONXX
305
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
| $48.1M | 0.05% |
386,040
-1,017,711
| -72% | -$129M |
|
|
WR
306
DELISTED
Westar Energy Inc
WR
| $46.7M | 0.05% |
1,522,188
-155,000
| -9% | -$4.95M |
|
|
PPO
307
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $46.4M | 0.05% |
1,132,908
-33,775
| -3% | -$1.44M |
|
308
Deckers Outdoor
DECK
$14.1B
| $46.3M | 0.05% |
4,210,194
+200,358
| +5% | +$1.94M |
|
309
ServiceNow
NOW
$120B
| $46.2M | 0.05% |
+4,444,295
| New | +$40.9M |
|
310
Korea Electric Power
KEP
$14.6B
| $46.1M | 0.05% |
3,280,141
+2,016,407
| +160% | +$26.4M |
|
|
WSTC
311
DELISTED
West Corporation
WSTC
| $46M | 0.05% |
2,073,057
-39,697
| -2% | -$906K |
|
312
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $45.9M | 0.05% |
1,541,174
+383,957
| +33% | +$11M |
|
|
MWIV
313
DELISTED
MWI VETERINARY SUPPLY, INC.
MWIV
| $45.6M | 0.05% |
305,076
-143,052
| -32% | -$20.3M |
|
|
NVDQ
314
DELISTED
Novadaq Technologies Inc.
NVDQ
| $44.5M | 0.05% |
2,685,256
+83,337
| +3% | +$1.18M |
|
|
SNDK
315
DELISTED
SANDISK CORP
SNDK
| $44.5M | 0.05% |
747,956
-686,709
| -48% | -$40.3M |
|
|
MXIM
316
DELISTED
Maxim Integrated Products
MXIM
| $44.4M | 0.05% |
1,489,186
-2,043,913
| -58% | -$58.1M |
|
|
ESV
317
DELISTED
Ensco Rowan plc
ESV
| $44.2M | 0.05% |
205,714
-134,611
| -40% | -$30.9M |
|
318
National Grid
NGG
$79.3B
| $44M | 0.05% |
772,604
-1,270,775
| -62% | -$71.7M |
|
|
FPO
319
DELISTED
First Potomac Realty Trust
FPO
| $44M | 0.05% |
3,498,282
-183,026
| -5% | -$2.41M |
|
320
SLM Corp
SLM
$4.83B
| $43.7M | 0.05% |
4,906,022
-117,759
| -2% | -$1.03M |
|
|
MDCO
321
DELISTED
Medicines Co
MDCO
| $43.5M | 0.05% |
1,298,902
+239,562
| +23% | +$7.63M |
|
322
Korn Ferry
KFY
$4.31B
| $43.5M | 0.05% |
2,033,146
-5,189
| -0.3% | -$103K |
|
323
Corpay
CPAY
$25.7B
| $43.4M | 0.05% |
+393,729
| New | +$38.5M |
|
|
TLM
324
DELISTED
TALISMAN ENERGY INC
TLM
| $43.2M | 0.05% |
3,759,398
-147,424
| -4% | -$1.65M |
|
325
The GEO Group
GEO
$4B
| $43.1M | 0.05% |
1,946,355
-1,494,434
| -43% | -$33.5M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.46B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,942,523 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.